Nuveen Real Asset Income and Growth Fund (JRI) to Issue Monthly Dividend of $0.13 on June 1st

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.1335 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Friday, May 15th.

Nuveen Real Asset Income and Growth Fund Stock Performance

Shares of JRI traded down $0.02 during mid-day trading on Wednesday, reaching $13.12. The company’s stock had a trading volume of 55,963 shares, compared to its average volume of 219,613. Nuveen Real Asset Income and Growth Fund has a 1-year low of $11.67 and a 1-year high of $14.37. The business has a 50-day simple moving average of $12.70 and a two-hundred day simple moving average of $13.23.

Hedge Funds Weigh In On Nuveen Real Asset Income and Growth Fund

A number of large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the first quarter worth approximately $128,000. Calamos Advisors LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the first quarter worth approximately $149,000. Chicago Partners Investment Group LLC increased its stake in shares of Nuveen Real Asset Income and Growth Fund by 12.1% during the first quarter. Chicago Partners Investment Group LLC now owns 93,073 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,066 shares during the period. Private Advisor Group LLC increased its stake in shares of Nuveen Real Asset Income and Growth Fund by 1.3% during the first quarter. Private Advisor Group LLC now owns 139,914 shares of the company’s stock worth $1,721,000 after purchasing an additional 1,750 shares during the period. Finally, Absolute Investment Advisers LLC bought a new position in shares of Nuveen Real Asset Income and Growth Fund during the first quarter worth approximately $7,205,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.